Stimulus checks are being sent to homeowners from $10billion Covid relief fund – see if you qualify

STIMULUS checks are being sent to eager homeowners from a whopping $10billion Covid relief fund – see if you qualify.

It "provides relief for our country’s most vulnerable homeowners", say Treasury bosses.

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The Homeowner Assistance Fund (HAF) can be tapped in to prevent mortgage delinquencies and defaults, explains the US Department of the Treasury.

It's also aimed at preventing foreclosures, loss of utilities or home energy services, and the displacement of homeowners suffering financial hardship.

"Covid-19 has forced millions of homeowners to fall behind on their mortgages and other housing-related expenses through no fault of their own," explains the NCSHA.

Americans have been eagerly awaiting their third stimulus check as the push for a fourth and even fifth relief payment grows.

But it appears that many are unaware that - in the meantime - they can cover housing expenses with this extra fund.

Homeowners are being urged to use this funding to get financial relief, especially if they are struggling with housing expenses, explains Yahoo! Finance.

The bonus being that the extra cash could help you keep your home.

To qualify, homeowners must have lower incomes and have suffered a financial hardship, such as job loss, reduced income, big healthcare expenses, or after January 21, 2020

Plus, applicants must have income equal to or less than 150 per cent of their area's median income.

For homeowners applying for HAF help, they must also hold a mortgage balance of less than $548,250 as of 2021.

Each state has been provided with a minimum of $50million from the fund.

The District of Columbia and Puerto Rico are also receiving this at a minimum.

A further $498million has been allocated for tribes and tribal housing and to the Department of Hawaiian Home Lands.

And $30million has been made available each to Guam, American Samoa, the U.S. Virgin Islands, and the Commonwealth of the Northern Mariana Islands.